Do Electric Vehicles Retain Their Value?

What’s the general depreciation rate of Mazda EVs? Do they depreciate faster, slower, or at about the same rate as their gas-powered counterpart? Learn about EV depreciation and how you can keep the depreciation to a minimum.

General Vehicle Depreciation

First, let’s examine the depreciation rate of non-EV and non-hybrid vehicles. As a general rule, vehicles will lose on average 40 percent to 50 percent of its value after three years. Depreciation rate also varies by manufacturer and vehicle segment. The Mazda brand is known for having a lower-than-average depreciation rate.

What About EV Depreciation?

Electric vehicles depreciate by around 50 percent after three years, or roughly on par with the average rate of non-EV models. Like their non-EV cousins, factors like brand and vehicle segment also play a significant factor. This is about what you can expect with a Mazda EV like the Mazda MX-30 EV.

How to Minimize Depreciation

You can slow your EV’s depreciation over the course of ownership. Here are some tips on how to retain your car’s value.

• Follow maintenance guidelines in accordance with the vehicle’s user manual
• Consider leasing a vehicle. Since you don’t own the car, the dealership bears the brunt of depreciation, not you.
• Carpool or take alternative methods of transportation, when possible, to keep the miles from accumulating.
• Buy a pre-owned vehicle, which have already incurred the bulk of depreciation under the prior owner.

Come by Superior Mazda to see our inventory. EV or not, models like the Mazda CX-30 retain their value quite well, especially if you make an active effort to minimize depreciation.